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Importance of demo trading

Oct 17, 2017 at 06:32
4,727 Angesehen
138 Replies
Mitglied seit Nov 12, 2021   1 Posts
Dec 12, 2021 at 13:09
Hi I am new to trade. I made consistent profit in demo account for 3 months. However when I try on real money I am loosing. May be emotions playing up as I quit too early. Just wondering how can convert my demo experience to reality. Thanks
Mitglied seit Mar 16, 2021   477 Posts
Dec 13, 2021 at 02:27
zalams posted:
Hi I am new to trade. I made consistent profit in demo account for 3 months. However when I try on real money I am loosing. May be emotions playing up as I quit too early. Just wondering how can convert my demo experience to reality. Thanks
You can take a cent account. And you can practice trade by managing risk management. And keep a positive mentality and meditate regularly, then you will get good results in live trading.
Mitglied seit Apr 26, 2015   17 Posts
Dec 13, 2021 at 12:36
It is useful to learn how to trade, but don't spend too much time on it, open a micro account and start learning how YOU react to the market, drawdown and bankroll management.
Mitglied seit Dec 13, 2021   32 Posts
Dec 17, 2021 at 05:35
A demo account is an account that is funded with virtual money. This type of account allows traders to test out strategies and trading techniques before they commit any real money to their accounts. Demo trading is a great way to learn about forex trading without risking any of your own money.
Mitglied seit Dec 14, 2021   46 Posts
Dec 17, 2021 at 05:53
Demo Account is the most practical way of learning the basics of trading without real money included. Demo accounts may not give you the real trading experience but it does make a base for you that helps you when you trade on a live account.
Mitglied seit Nov 23, 2021   34 Posts
Dec 17, 2021 at 13:17
A demo account can surely play an important role in your learning. It helps you cross the barrier of reading what forex trading is and what it really looks like. As you won’t be using any money, you will be free to apply as many strategies as you can without worrying about losing your money.
Mitglied seit Jul 19, 2020   751 Posts
Dec 24, 2021 at 02:38
Demo trading is very important. Many traders try to skip it and straightaway start live trading, but I think that's wrong
Mitglied seit Mar 28, 2021   617 Posts
Dec 24, 2021 at 03:52
I found trading a demo account useful for, Learning how to use the platform, Developing a strategy, Developing a daily routine (sleep, exercise, diet, screen time), Feeling emotional during drawdowns, and losing trades
Mitglied seit Jul 19, 2020   788 Posts
Dec 25, 2021 at 03:06
Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.
Mitglied seit Mar 28, 2021   617 Posts
Jan 09, 2022 at 15:01
AliaDare posted:
Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.
Demo trading isn't for those who are proficient in trading. Demo accounts allow us to test our strategies and strategies. We can gain knowledge on how to implement our strategies through a demo.
Mitglied seit Jul 19, 2020   788 Posts
Jan 10, 2022 at 07:46
Akasuki posted:
AliaDare posted:
Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.
Demo trading isn't for those who are proficient in trading. Demo accounts allow us to test our strategies and strategies. We can gain knowledge on how to implement our strategies through a demo.
Of course, demo trading is a platform where the trader can develop his career. Knowledge of live trading can be gained by trading on this platform.
Mitglied seit Apr 18, 2019   30 Posts
Jan 12, 2022 at 08:48
Lots of new traders neglect demo trading, because they suppose that they have to start off from a real account, because only in this case they will be able to earn money. Actually, some traders can be successful without demo trading, nevertheless, the vast majority of traders is obliged to start off from demo account. It teaches them how to understand all the moves on the market. The main goal of demo account is to meet a trader with the techniques of trading. I believe that traders should try to stay on demo at least couple of days, in order not to have difficulties on the real account actually.
Mitglied seit Jun 12, 2021   132 Posts
Jan 12, 2022 at 08:52
the demo account can bring good experience if you focus greatly , otherwise the knowledge from demo can be useless.
Mitglied seit Mar 28, 2021   617 Posts
Dec 05, 2022 at 09:37
If we confined to earning only technical knowledge, it won’t be a good idea for us. So we need to focus on the news trading as well!
Mitglied seit Oct 01, 2022   53 Posts
Dec 07, 2022 at 10:09
Andromaris posted:
Lots of new traders neglect demo trading, because they suppose that they have to start off from a real account, because only in this case they will be able to earn money. Actually, some traders can be successful without demo trading, nevertheless, the vast majority of traders is obliged to start off from demo account. It teaches them how to understand all the moves on the market. The main goal of demo account is to meet a trader with the techniques of trading. I believe that traders should try to stay on demo at least couple of days, in order not to have difficulties on the real account actually.
thanks for your nice detail , got some fine line.
Mitglied seit Sep 02, 2022   75 Posts
Dec 07, 2022 at 10:12
Market analysis and broker are also a vital part of trading because brokers play part on behalf of you.
Mitglied seit Nov 29, 2022   40 Posts
Dec 09, 2022 at 09:16
Demo trading is good because it gives the trader time to figure out which style they wish to trade in. It also gives them an overall idea of what to do during the process so they don’t find themselves lost during live trading. Practice is important.
Mitglied seit May 24, 2022   23 Posts
Dec 12, 2022 at 11:02
Demo trading serves as a learning tool, and in the foreign exchange market, one's level of knowledge and expertise cannot be neglected. Therefore, using a demo account for education and training purposes is crucial.
Mitglied seit Mar 24, 2022   56 Posts
Dec 16, 2022 at 09:30
Before trading on a live account, trading on a demo account makes a trader learn how to interpret charts and analyse the market. It also helps traders with learning trading psychology and risk management and refining their trading strategy.
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